Stock market holiday: In the next four days, Indian markets will be on a long break as trading in stock exchanges BSE and NSE will be shut starting from today till April 17. Meanwhile, investors moved cautiously in view of the Q4 earnings evaluating inflation turmoil just as hike in commodity prices added to the downside. Yesterday, the Indian equities scrapped their early gains and closed on a negative note for the third consecutive day.
he Holcim Group, the world’s largest cement maker, may exit India, seventeen years after it entered the country, putting its twin listed arms Ambuja Cement and ACC Ltd up for sale, as part of a global strategy to focus on core markets, Holcim is believed to have held early-stage negotiations with JSW and Adani Group, among others, to explore their interest levels. Both are recent entrants in the cement sector but have aggressive plans to ramp. Holcim controls 63.1% of Ambuja, which has a market value of about $9.6 billion.
he initial public offering of state-run Life Insurance Corp. of India has drawn significant interest from local and overseas investors, with at least 12 top fund managers committing to bring in around ₹18,000 crore as anchor investors, two people directly aware of the development said.
At least five Indian asset managers, no less than three sovereign funds, two global pension fund managers and two hedge funds have agreed to be anchor investors in the LIC IPO, the people said, requesting anonymity.
Retail payments umbrella entity National Payments Corporation of India (NPCI) on Wednesday said it has approved WhatsApp to add another 60 million users on unified payments interface (UPI), taking the total base to 100 million. India’s automakers shipped fewer passenger vehicles in March than a year earlier as supply-side disruptions persisted. The segment comprising passenger cars, utility vehicles and vans, sold 2.79 lakh units in March, a 3.93% fall year-on-year, according to data released by the Society of Indian Automobile Manufacturers on Wednesday. Sales, however, rose 6.28% over the previous month.
Capital markets regulator SEBI has penalised stock exchanges — BSE and NSE — for ‘laxity’ on their part in detecting misuse of clients’ securities worth Rs 2,300 crore by Karvy Stock Broking Ltd. In two separate orders, the Securities and Exchange Board of India has imposed a fine of Rs 3 crore on BSE and Rs 2 crore on NSE.Business Term of the day
Down trading refers to the practice of switching from expensive products/brands to cheaper alternatives in a bid to conserve cash. As customers turn price-sensitive, bells and whistles no longer appeal. Products which meet the basic requirements are preferred over those that are perceived to be value-adding. Scouting for value-for-money goods defines customer behaviour when they down trade. This trend is seen not only in small-ticket consumption items but also in vehicle or durable goods purchases.
In this episode, find out why the Union cabinet cleared the Rs 11000 crore palm oil project, why US markets slid post FOMC minutes Business Term of the Day: Additional Tier 1 bon ... Read more
In this episode, find out why the Union cabinet cleared the Rs 11000 crore palm oil project, why US markets slid post FOMC minutes Business Term of the Day: Additional Tier 1 bond Read more
In this episode, find out why retail sales continue to stay below pre-pandemic levels, why US markets saw the biggest decline Business Term of the Day: National Automobile Scrapp ... Read more
In this episode, find out why retail sales continue to stay below pre-pandemic levels, why US markets saw the biggest decline Business Term of the Day: National Automobile Scrappage Policy Read more
In this episode find out, Adani Group to acquire MBCPNL portfolio from Sadbhav Infra, Why the activity levels are moving back towards pre-pandemic levels Business term: Build oper ... Read more
In this episode find out, Adani Group to acquire MBCPNL portfolio from Sadbhav Infra, Why the activity levels are moving back towards pre-pandemic levels Business term: Build operate transfer (BOT) Read more
In this episode, find out why Ola Electric has come out with new electric scooters, why Indian markets may open lower in today’s trade Business Term of the Day: FAME 2 Read more
In this episode, find out why Ola Electric has come out with new electric scooters, why Indian markets may open lower in today’s trade Business Term of the Day: FAME 2 Read more
In this episode, find out Future Group has filed petition before SC, why Asian markets wavered during Friday trade Business Term of the Day: Operating Profit Read more
In this episode, find out Future Group has filed petition before SC, why Asian markets wavered during Friday trade Business Term of the Day: Operating Profit Read more
In this episode, find out why Yes bank is looking to set up an ARC, why US markets touched record highs Business Term of the Day: Asset Reconstruction Company Read more
In this episode, find out why Yes bank is looking to set up an ARC, why US markets touched record highs Business Term of the Day: Asset Reconstruction Company Read more
In this episode, find out why zomato reported Q1 loss, why Reliance Energy will invest $50 m in Ambri Business Term of the Day: Employee Stock Ownership Plan Read more
In this episode, find out why zomato reported Q1 loss, why Reliance Energy will invest $50 m in Ambri Business Term of the Day: Employee Stock Ownership Plan Read more
In this episode, find out why Paytm is looking to expand ESOP pool before IPO, why SAT pronounced a split verdict in PNB Housing finance case Business Term of the Day: Anti-trust ... Read more
In this episode, find out why Paytm is looking to expand ESOP pool before IPO, why SAT pronounced a split verdict in PNB Housing finance case Business Term of the Day: Anti-trust laws Read more
As many as seven firms, including JM Financial, Ernst and Young and Deloitte, have bid for managing the strategic sale of IDBI Bank. These firms would make a virtual presentation ... Read more
As many as seven firms, including JM Financial, Ernst and Young and Deloitte, have bid for managing the strategic sale of IDBI Bank. These firms would make a virtual presentation before the Department of Investment and Public Asset Management, which is handling the sale process, on August 10, according to a notice by DIPAM. Read more
In this episode, find out why centre has introduced the bill to scrap retrospective tax law, why SEBI is examining Adani Power’s delisting proposal Business Term of the Day: Retr ... Read more
In this episode, find out why centre has introduced the bill to scrap retrospective tax law, why SEBI is examining Adani Power’s delisting proposal Business Term of the Day: Retrospective Tax Read more
